Get unlimited access. Save 70% when you subscribe today.

SmartCompany
Icon

Search

Create a free account, or log in

Business Advice

Bad end to 2012: ABS figures show company profits in December quarter 7.6% down

Company profits fell 7.6% in the quarter to December 2012 compared to the year before, according to new research by the Australian Bureau of Statistics. The fall was greater than analysts expected – most had expected profits to fall just 0.9%. Gross operating profits fell 1% over the same period Despite profits decreasing, wages and […]
Myriam Robin
Myriam Robin
Icon

Share

Company profits fell 7.6% in the quarter to December 2012 compared to the year before, according to new research by the Australian Bureau of Statistics.

The fall was greater than analysts expected – most had expected profits to fall just 0.9%.

Gross operating profits fell 1% over the same period

Despite profits decreasing, wages and salaries increased 4.8% last year and 1.4% for the December quarter, placing further pressure on businesses.

About the author

Myriam Robin

Myriam Robin is a reporter for SmartCompany and its sister site LeadingCompany. She has degrees in economics, international studies and journalism. She likes writing about businesses taking risks and doing new things.

Recommended for you